The New York Times on Nostr: European Central Bank Cuts Rates for Second Time in Three Months ========== The ...
European Central Bank Cuts Rates for Second Time in Three Months
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The European Central Bank cut interest rates to 3.5 percent from 3.75 percent on September 12, 2024; this marks the second rate cut in three months as inflation slows and the economy struggles; the previous cut occurred in June 2024, the first since 2019; inflation in the eurozone averaged 2.2 percent through August 2024, down from 2.6 percent; concerns remain about persistent inflation in the services sector; the U.S. Federal Reserve is expected to cut rates next week for the first time in over four years.
#EuropeanCentralBank #InterestRates #Inflation #Economy #Eurozone #MonetaryPolicy #EsheNelson #September2024 #FinancialNews #EconomicGrowth
https://www.nytimes.com/2024/09/12/business/european-central-bank-interest-rates.html
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The European Central Bank cut interest rates to 3.5 percent from 3.75 percent on September 12, 2024; this marks the second rate cut in three months as inflation slows and the economy struggles; the previous cut occurred in June 2024, the first since 2019; inflation in the eurozone averaged 2.2 percent through August 2024, down from 2.6 percent; concerns remain about persistent inflation in the services sector; the U.S. Federal Reserve is expected to cut rates next week for the first time in over four years.
#EuropeanCentralBank #InterestRates #Inflation #Economy #Eurozone #MonetaryPolicy #EsheNelson #September2024 #FinancialNews #EconomicGrowth
https://www.nytimes.com/2024/09/12/business/european-central-bank-interest-rates.html